Advanced Cash, an online payment platform, has announced a new partnership with BitPay, one of the major bitcoin payment processors, to launch 0% fee top-up of accounts in bitcoin.

Advanced Cash allows customers to open online multi-currency accounts in USD, EUR, GBP, and RUB. Money can be spent using virtual cards or the Advanced Cash MasterCard plastic card, as well as sent to any Visa/MasterCard card. Now, bitcoin can be used to top up Advanced Cash e-wallets. Bitcoins are then converted into one of the four fiat currencies and can be spent anywhere where MasterCard is accepted.

At the moment the Advanced Cash website offers to top up an account in bitcoins with no fees at the internal exchange rate, which is shown at the top of the webpage. This offer is comparable with the SWIFT/wire transfer option that charge no fees either while other payment methods using online banking and e-currencies charge from $0.5 up to 5% of the transaction. Remarkably, Advanced Cash works with Russian banks only, such as Sberbank Online, Alfa-Click, and Promsvyazbank. The website has a Russian language version.

Yaacov Bitton, Advanced Cash’s CEO, says:

“We are excited to finally be able to offer our customers an easy and affordable way to fund their e-wallets in Bitcoin and then manage their online funds the way they want. We definitely see a growing demand for this. Advanced Cash is all about giving our clients the most cutting edge tools powered by latest technology available, and here, BitPay solutions are of a great value.”

Advanced Cash launched its services in September 2014 and issued plastic Advanced Cash MasterCards in February of this year. The company is based in Belize and carries out transfers to bank accounts, plastic cards, and email addresses in 200 countries across the world.

There are several services on the market that allow users to spend bitcoins by converting them into local fiat currencies. Xapo’s debit card allows users to spend bitcoins in local currencies using their Xapo accounts at any merchant that accepts Visa cards. CoinJar released a new bitcoin debit card, CoinJar Swipe. This allows users to pay in bitcoins anywhere in Australia where ordinary cards are accepted.